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Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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Saudi officials said Riyadh’s population was projected to grow from 6 million to over 8 million in the next 10 years
July 30th, 2013 - 01:55 GMT

Saudi Arabia awards $22.5b metro rail contracts

17 kilograms of gold could leave the borders of Eastern Equatoria state on a daily basis
July 30th, 2013 - 12:55 GMT

South Sudan'a $200m a year gold smuggling loss

Subsidies of fuel products, which include natural gas and fuel oil as well as gasoline and diesel, for years have been a major drain on the finances of successive governments
July 30th, 2013 - 10:55 GMT

Egypt pushes ahead with smart cards for gasoline

Jordan’s exports to Pakistan totalled JD10 million last year whereas imports from Pakistan totalled JD40 million
July 30th, 2013 - 08:55 GMT

Developing Jordanian-Pakistani Commerce

GCC nations are dependent on imported machinery, raw materials and labour - could lead to lower net profit margins in the industry
July 30th, 2013 - 07:55 GMT

Gulf contracting industry experiences rapid growth

The 13 banks booked $90.06 million in credit loss provisions during the period, down from $141.12 million in the same quarter of 2012
July 30th, 2013 - 05:47 GMT

Lebanon in severe profit loss if political instability persists

The oil marketing companies are also expected to continue their track record of high dividend payouts as their balance sheets and cash positions stay strong
July 30th, 2013 - 05:41 GMT

Omani oil marketing firms' in 3% sales rise

Oman Projects Forum 2013 presents a detailed overview of the sultanate’s economy
July 29th, 2013 - 12:55 GMT

Oman set to double value of investments projects

Egypt has more refining laboratories than it has petrol production centres, and must therefore import crude oil
July 29th, 2013 - 11:55 GMT

Libya and Gulf secure oil for Egypt

Jordan is no longer a country where it is feasible for mobile manufacturers to open regional offices to reach regional markets
July 29th, 2013 - 10:55 GMT

Jordan mobile imports suffer substantial drop after tax hike

Long-term maturity period loan carries a low interest rate than other international financial institutions
July 29th, 2013 - 09:55 GMT

World Bank provides Jordan with $150m loan

Saudi Agriculture 2013 will be held with the support of the Ministry of Agriculture and is accredited by UFI
July 29th, 2013 - 08:55 GMT

Saudi food sales worth $70 billion by 2016

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